Ethereum Spot ETFs Suffer Net Outflow as BlackRock Staking Fund Defies Trend
The Ethereum spot exchange-traded fund (ETF) market recorded a net outflow of approximately $11.9 million on Aug. 3, reversing two consecutive days of inflows.
This reversal was driven by notable withdrawals from several major funds, including BlackRock's ETHA and Grayscale's ETHE, which saw redemptions of $9 million and $7.8 million respectively.
In contrast, BlackRock's newly launched staking Ethereum ETF (ETHB) recorded an inflow of $5.8 million, making it the only product in the group to see positive flows on the day.